Genesis Energy (GEL) Scheduled to Post Earnings on Thursday

Genesis Energy (NYSE:GEL) is scheduled to be announcing its earnings results before the market opens on Thursday, August 1st. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings results on Thursday, May 2nd. The pipeline company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). Genesis Energy had a net margin of 4.14% and a return on equity of 14.70%. The business had revenue of $770.11 million during the quarter. During the same period in the prior year, the company earned ($0.21) earnings per share. Genesis Energy’s revenue for the quarter was down 2.6% on a year-over-year basis.

Genesis Energy Price Performance

GEL stock traded up $0.09 on Wednesday, reaching $13.97. 3,054 shares of the company’s stock were exchanged, compared to its average volume of 356,398. Genesis Energy has a twelve month low of $8.05 and a twelve month high of $15.17. The company has a quick ratio of 0.90, a current ratio of 1.05 and a debt-to-equity ratio of 4.39. The stock has a fifty day moving average of $13.66 and a 200-day moving average of $12.40. The firm has a market cap of $1.71 billion, a PE ratio of 41.28 and a beta of 2.11.

Genesis Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, July 31st. Genesis Energy’s dividend payout ratio (DPR) is 176.48%.

Genesis Energy Company Profile

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.